The next industrial revolution is arriving on a shore near you. It’s called Industry 4.0, and like its three predecessors, it’s about to bring sweeping changes to manufacturing that will globally affect everyone.

Industry 4.0, and the resulting manufacturing changes that are coming with it, have spawned a new type of production plant called the smart factory.

The manufacturing sector is experiencing a dramatic turnaround in business, according to figures released by the White House.

President Donald Trump has consistently said he wants the manufacturing sector to grow and has personally intervened to persuade many large manufacturing companies to consider relocating or expanding their operations in the US.

A Foxconn production line with workers making iPhones. Picture: Flickr

Foxconn, the main manufacturer for Apple’s smartphones and tablet computers, is looking for locations in the US to invest $10 billion into setting up factories, according to a variety of reports in the media.

The company has already earmarked $7 billion for a display panel factory after buying the Sharp electronics company, although it’s not certain where it will be located.

Daimler began construction of a new Mercedes-Benz plant near Moscow this week, following through on the first new investment by a major foreign automaker in Russia since Western sanctions were imposed three years ago.

Daimler said in February that it will invest more than $280 million in the factory, contrasting with widespread wariness among international investors after a prolonged downturn brought on by sanctions and a collapse in global oil prices.

A Boeing 787 is pictured at Boeing’s production facility in Everett, Washington, US June 1, 2017. Reuters / Jason Redmond

By Alwyn Scott, Reuters

Boeing is streamlining its aircraft production systems at its largest factory – Everett, Washington – trying to cut costs to compete with rival Airbus and chip away at the near-$30 billion deficit created by its 787 Dreamliner.

Dozens of complex robots are replacing humans for such mundane tasks as drilling and riveting, and Boeing is reordering some of its assembly steps to speed up the process.

Rethink Robotics has launched what it describes as a first-of-its-kind software platform that connects everything in a smart factory.

The collaborative industrial robot maker says the extensible software is “redefining automation deployments and providing a gateway to the factory of the future”.

Rethink Robotics calls its software platform Intera 5, and says it “connects everything from a single robot controller, extending the smart, flexible power of Rethink Robotics’ Sawyer to the entire work cell and simplifying automation with unparalleled ease of deployment”.